Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

3,640 sqft

Lot size

5,164 sqft

Year built

1922

Stories

2

Garage spaces

2

Style

Contemporary

Heating

Forced Air,Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

128

MLS #

244525703

About this property

Welcome to 705-707 S Gramercy Place, a premier duplex zoned LAR3 perfectly situated at the highly desirable crossroads of Koreatown, Mid-Wilshire, and Hancock Park. This rare property offers the space and feel of two single-family homes, making it an ideal choice for an owner-user looking to live in one unit while generating premium income from the other, or an investor seeking a high-quality asset in a robust market. All units are individually metered for water, gas, and electricity, providing ease of utility management. Property Highlights: *Massive Unit Sizes: Boasting approximately 3,640 total square feet, the property is split into an upstairs and a downstairs unit that span an incredibly generous ~1,820 square feet each. Both units offer expansive, open-concept living areas and large bedrooms, providing a scale of living rarely found in the city's multi-family properties. *Premium Secured Parking: A true rarity for the neighborhood, parking will never be an issue. The property features a secure, automatic remote-controlled driveway gate that opens to a sprawling rear lot. It includes a covered two-car garage along with ample open parking spaces, easily accommodating multiple vehicles for both units with ultimate privacy and peace of mind. *Unbeatable Location: Located in the vibrant heart of LA, residents are just moments away from world-class dining, trendy cafes, shopping, and entertainment. With incredible walkability and immediate access to major transit lines, the best of city living is right outside the front door. With sprawling floor plans, highly coveted gated parking, and a turnkey location, this duplex is a standout must-see. Don't miss your chance to own a significant piece of prime Los Angeles real estate!

Location

705 S Gramercy Place

Los Angeles, Los Angeles, CA, 90005